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April 14, 2021

Mortgage-Backed Markets

Britain’s Nationwide tells all 13,000 staff: ‘work anywhere’

Reuters
FILE PHOTO: A man walks past a Nationwide Building Society in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo LONDON (Reuters) – Britain’s Nationwide Building Society has told all its 13,000 office-based staff to work from anywhere in the country, in one of the clearest signs yet firms are making......

U.S. new home sales plunge amid harsh weather

Reuters
FILE PHOTO: Clothes hang outside to dry behind an apartment as a buzzard flies during the spread of the coronavirus disease (COVID-19) in West Belle Glade, Florida, February 9, 2021. REUTERS/Shannon Stapleton WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped more than expected in February amid bitterly cold......

U.S. existing home sales drop sharply; prices surge

Reuters
WASHINGTON (Reuters) – U.S. home sales fell more than expected in February as cold weather blanketed many parts of the country, and a rebound could be muted by rising mortgage rates as well as higher house prices amid tight supply. FILE PHOTO: Clothes hang outside to dry behind an apartment......

U.S. Senate confirms Fudge as Biden’s housing, urban development secretary

Reuters
FILE PHOTO: U.S. Rep. Marcia Fudge, U.S. President-elect Joe Biden’s nominee to head the Department of Housing and Urban Development, speaks after Biden announced her nomination among another round of nominees and appointees during a news conference at his transition headquarters in Wilmington, Delaware, U.S., December 11, 2020. REUTERS/Mike Segar......

Fed’s Daly calls for ‘patience,’ says too-low inflation costly

Reuters
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir (Reuters) – San Francisco Federal Reserve President Mary Daly on Tuesday pushed back against the fear that easy Fed policy could bring on unwanted inflation,......

UK consumer credit slumped as new lockdown hit in January: BoE

Reuters
FILE PHOTO: A general view shows The Bank of England in the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley//File Photo LONDON (Reuters) – British consumer borrowing fell at its fastest pace in January since May last year as the country went back into a......

U.S. new home sales exceed expectations in January

Reuters
WASHINGTON, Feb 24 (Reuters) – Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market. New home sales rose 4.3% to a seasonally adjusted annual rate of 923,000 units last month,......

Fed’s Evans, on fiscal support, says more is better

Reuters
Feb 3 (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday voiced support for the Biden administration’s proposed $1.9 trillion economic stimulus package, saying he would rather risk a package that is too big than a smaller package that would mean a slower path to recovery. “If it’s......

UK house prices fall for first time since June before tax break ends

Reuters
FILE PHOTO: New houses under construction are pictured in Aylesbury, Britain August 6, 2020. REUTERS/Matthew Childs LONDON (Reuters) – British house prices fell in January for the first time in seven months, before the scheduled March 31 end of a tax cut for buyers, mortgage lender Nationwide said on Tuesday,......

U.S. housing market immune to COVID-19 pandemic: Reuters poll

Reuters
By Hari Kishan, Indradip Ghosh BENGALURU (Reuters) – U.S. house prices will continue to race ahead over the next two years, according to a Reuters poll of analysts who said any COVID-19 resurgence was unlikely to knock housing market activity off its current upward course. FILE PHOTO: The Oculus transportation......

Fed’s Kaplan sees ‘enthusiastic debates’ over QE taper

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir (Reuters) – Dallas Federal Reserve President Robert Kaplan on Friday said he expects “enthusiastic debates” with the U.S. central bank about when to begin to reduce the......

U.S. existing home sales increase; inventory tumbles to record low

Reuters
FILE PHOTO: A “Price Reduced” sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/Larry Downing/File Photo U.S. home sales unexpectedly rose in December, but surging house prices amid record-low inventory could slow the housing market momentum in the coming......

U.S. existing home sales increase; inventory tumbles to record low

Reuters
FILE PHOTO: A “Price Reduced” sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/Larry Downing/File Photo U.S. home sales unexpectedly rose in December, but surging house prices amid record-low inventory could slow the housing market momentum in the coming......

U.S. housing starts, building permits accelerate

Reuters
WASHINGTON (Reuters) – U.S. homebuilding and permits surged in December as historically low mortgage rates supported the housing market, but momentum could slow amid surging lumber prices and a shortage of labor. FILE PHOTO: Construction workers build a single family home in San Diego, California, U.S. February 15, 2017. REUTERS/Mike......

Fed sees modest growth but says optimism tempered by virus resurgence

Reuters
(Reuters) – U.S. economic activity increased modestly in recent weeks and a growing number of Federal Reserve districts saw a drop in employment as a surge in coronavirus infections led to more shutdowns, the U.S. central bank said on Wednesday. FILE PHOTO: The Federal Reserve Building stands in Washington April......

Fed’s Clarida says vaccines have buoyed economic outlook

Reuters
FILE PHOTO: Federal Reserve Vice Chair Richard Clarida talks on the phone during the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby/File Photo WASHINGTON (Reuters) – The ongoing distribution of two coronavirus vaccines has lifted the U.S. economy’s prospects for 2021 and......

Fed’s Evans calls for possible revamp of U.S. financial regulation

Reuters
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo/File Photo (Reuters) – Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may......

Fed’s Evans calls for possible revamp of U.S. financial regulation

Reuters
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo/File Photo (Reuters) – Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may......

Treasury chief backs $20 billion for U.S. airlines payroll

Reuters
Treasury Secretary Steven Mnuchin gives an opening statement during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, U.S., December 2, 2020. Greg Nash/Pool via REUTERS WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin......

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